Here are Thursday’s biggest calls on Wall Street: Morgan Stanley reiterates Broadcom as overweight Morgan Stanley raised its price target on Broadcom to $502 per share from $485 following earnings. “Very strong results amid even higher expectations – but the growth trend remains very strong. PT up to $502, reiterate OW.” Jefferies upgrades RTX to …
Bitcoin and other large cryptocurrencies are showing signs of life, with momentum having improved enough to suggest their counter-trend upmoves have staying power. Crypto-related equities, like bitcoin miners and treasury companies, are correlated to bitcoin and have similarly strengthened from a technical perspective. Strategy , the largest bitcoin treasury company in the world, has seen …
Most bitcoin miners are no longer profiting from their digital asset-related operations as the flagship cryptocurrency falls further into the red, according to a new analyst note from Rosenblatt. Bitcoin was last trading at $64,143.00, down roughly 26% year to date. Earlier on Tuesday, the token sank just below $63,000, dropping near its lowest level …
Bitcoin may be in the dumps, but two stocks linked to the flagship cryptocurrency could soon see their shares more than double, according to Morgan Stanley. In a Sunday note to clients, the investment firm initiated coverage of bitcoin miners Cipher Mining and TeraWulf , giving the stocks “overweight” ratings. Its analysts put a $38 …